David S. Anderson Sells 10,011 Shares of Huntington Bancshares Inc. (HBAN) Stock
Huntington Bancshares Inc. (NASDAQ:HBAN) EVP David S. Anderson sold 10,011 shares of the stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $10.60, for a total value of $106,116.60. Following the completion of the sale, the executive vice president now owns 102,580 shares of the company’s stock, valued at approximately $1,087,348. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Huntington Bancshares Inc. (NASDAQ:HBAN) opened at 11.70 on Monday. The company has a 50 day moving average price of $10.20 and a 200 day moving average price of $9.79. Huntington Bancshares Inc. has a one year low of $7.83 and a one year high of $11.87. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 16.53 and a beta of 1.16.
Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Wednesday, October 26th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Huntington Bancshares had a return on equity of 10.97% and a net margin of 18.87%. During the same quarter last year, the company earned $0.18 earnings per share. Equities analysts predict that Huntington Bancshares Inc. will post $0.72 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 2nd. Shareholders of record on Tuesday, December 20th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 2.74%. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.07. Huntington Bancshares’s dividend payout ratio is currently 39.44%.
Several equities research analysts have weighed in on the company. Jefferies Group reiterated a “buy” rating and issued a $12.00 price objective on shares of Huntington Bancshares in a report on Thursday, November 3rd. Wedbush increased their price objective on Huntington Bancshares from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, October 27th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $9.50 price objective on shares of Huntington Bancshares in a report on Friday, July 22nd. Zacks Investment Research cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, September 21st. Finally, Robert W. Baird restated a “neutral” rating and issued a $9.23 target price (down previously from $10.00) on shares of Huntington Bancshares in a research note on Friday, July 22nd. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Huntington Bancshares has a consensus rating of “Hold” and an average price target of $11.20.
A number of hedge funds have recently bought and sold shares of HBAN. MCF Advisors LLC raised its stake in Huntington Bancshares by 0.6% in the second quarter. MCF Advisors LLC now owns 15,028 shares of the company’s stock worth $134,000 after buying an additional 86 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in Huntington Bancshares by 0.4% in the second quarter. Rehmann Capital Advisory Group now owns 22,785 shares of the company’s stock worth $204,000 after buying an additional 92 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in Huntington Bancshares by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 30,477 shares of the company’s stock worth $272,000 after buying an additional 121 shares in the last quarter. Concert Wealth Management Inc. raised its stake in Huntington Bancshares by 1.1% in the third quarter. Concert Wealth Management Inc. now owns 14,766 shares of the company’s stock worth $145,000 after buying an additional 163 shares in the last quarter. Finally, Brown Advisory Securities LLC raised its stake in Huntington Bancshares by 2.1% in the second quarter. Brown Advisory Securities LLC now owns 11,106 shares of the company’s stock worth $101,000 after buying an additional 229 shares in the last quarter. Institutional investors own 75.73% of the company’s stock.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated is a diversified regional bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company is engaged in providing commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services.
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